SEC Form 4 · accession 0001179110-18-002178
PC CONNECTION INC · CNXN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy J McGrath
Officer — President & CEO
Period of report
Feb 13, 2018
Accepted (ET)
Feb 15, 2018 · 4:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001050377
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Feb 13, 2018 | A | 100,000 | A | — | — | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1The restricted stock units convert into common stock on a one-for-one basis.
- F2The restricted stock units were granted with the following vesting schedule; 5,000 shares vesting on April 1, 2019; 10,000 shares vesting on April 1, 2020, April 1, 2021, April 1, 2022, April 1, 2023, April 1, 2024, April 1, 2025, April 1, 2026, April 1, 2027, April 1, 2028; and 5,000 shares vesting on April 1, 2029. No more than 10% of such shares vested may be sold in any one year. Notwithstanding, the preceding provisions, restrictions on sale of all vested shares shall be released, once the grantee reaches age 72.